Company News

Russian central bank to initiate digital ruble pilot

The central bank of Russia has revealed it is planning to begin a pilot test for a digital ruble with 12 of the country’s top banks.

How Rishi Sunak’s budget will impact SMEs in the FinTech sector

Delivering his second budget as the chancellor of the exchequer, Rishi Sunak promised to do "whatever it takes" to protect the UK economy from the aftereffects of Covid-19.

Neobank albo secures $45m round

Mexican challenger bank albo has secured $45m as plans on becoming the nation's answer to Chime.

Ethical hacking platform Cobalt bags $29m

Danish cybersecurity startup Cobalt has secured $29m in a Series B round to fund the further expansion of its services.

M1 Finance nets $33m in new round

Automated money management platform M1 Finance has bagged $33m in a Series B funding round led by Left Lane Capital, a growth equity firm.

Siemens enlists the services of Swedish security software company Safeture in $840,000 deal

German company Siemens has tapped Safetures to use its enterprise platform to protect its employees and corporate travellers.

Klarna global revenue jumped by 31% in the last year

Swedish Klarna became Europe most valuable private FinTech unicorn in 2019 and has kept on growing since.

Google and Alphabet CEO calls for more AI regulation

Sundar Pichai, CEO of Google and Alphabet, believes artificial intelligence (AI) must be regulated to avoid bad outcomes.

Why investors hate startups that do these things

Being backed by a successful venture capital firm can make or break a FinTech startup. So, we asked Karen McCormick, chief investment officer at Beringea, what new ventures must do to pique investors interest.

ACI Worldwide announces new tools to comply with upcoming strong customer authentication rules

Florida-based ACI Worldwide is releasing a new suite of tools to ensure businesses are prepared for the final parts of the EU Revised Payment Service Directive (PSD2) snapping into action in September.

News Stories

Strong week in the FinTech sector with $1.7bn raised

FinTech Global this week reported on 21 recorded deals in the FinTech sector, with a strong showing in the reinsurance space bringing the total value recorded over $1bn.

EU regulator suggests revamp in sustainable investment rules

The ESMA has recently recommended a significant overhaul of the Sustainable Finance Disclosure Regulation (SFDR) within the EU.
MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

MNT-Halan expands into Turkey with acquisition of Tam Finans

MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

EU banks and insurers lag in green compliance, PwC study finds

A recent PwC study has uncovered a striking deficiency in the alignment of financial institutions’ activities with the EU's taxonomy for sustainable activities. According...
India

India’s new climate finance taxonomy to propel green transition

India is poised to implement a climate finance taxonomy, as announced by the Minister of Finance, Nirmala Sitharaman, during the annual budget.

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